Data-driven Insurance Underwriting
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New Medical Insights from LexisNexis Health Intelligence Helps Life Insurers Expand Accelerated Programs, Mitigate Mortality Slippage and Improve Customer Experience
Prnewswireยท 2025-11-11 15:00
Core Insights - LexisNexis Risk Solutions has launched Medical Insights from LexisNexis Health Intelligence, a digital health solution aimed at transforming the utilization of medical data in life underwriting [1][2] - The new functionality standardizes and extracts critical insights from electronic health records (EHRs), enabling life insurance carriers to enhance risk assessment and accelerate underwriting decisions [1][2] Key Features - Medical Insights provides structured data from EHRs, including vital signs, lab results, and material conditions, allowing for quicker identification of critical risk data [1][6] - The platform supports triage acceleration, helping underwriting organizations maintain more applicants in accelerated programs and reducing cycle time [6] - It includes features like Clinical Screener and Impairment Identifier, which help assess medical conditions without the need to analyze entire medical records [6] Benefits - The solution mitigates risks associated with misrepresentation and mortality slippage by ensuring critical details are not overlooked [6] - It allows life insurers to automate the underwriting process flexibly, improving decision-making at any stage of digital transformation [6] - By combining medical and non-medical data, Medical Insights enhances segmentation of mortality risk, leading to more precise pricing and accurate mortality predictions [6][5]